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May 6, 2013 7:00pm EDT
evening with blakeing news...a short time ago, the senate voted to pass an internet sales tax. john harwood live in washington with the late e. good evening, john. >> good evening, larry, the senate just finished voting after holding the voting opened for senators to arrive in town. 69-27. they passed this bill. right now, there are a lot of online sales taxes that are on the books as owed but are not collected because consumers don't file tell with their tax return. senate bill would force states that have sales taxes to levy those taxes in states where it applies and not have consumers be obligated to file those on their tax return. however, larry, this is not likely to go anywhere because they tell me the appetite for anything that raises taxes on anybody, even though they're owed and not checked is not very great. look for the house to send it to the house judiciary committee. study it to death, not pass it in this congress. >> all right. we'll leave it there. many thanks to john harwood, we present it very much. -- appreciate it very much. >>> let's bring in texas republican se
FOX News
May 4, 2013 11:00am PDT
senate is preparing to push the renewed internet sales tax. bring and mortar retailers say it's only fair but fair to whom? and red lines in the sand. a look at the administration's shifting response to reports of chemical weapons use in syria. welcome the journal editorial report i'm paul guy guy i gigot. coming off defeats gun control and spending sequester and facing a tough battle on immigration reform. the president was asked during a press conference tuesday whether he still had the juice to get things done. >> maybe i should just pack up and go home. as mark twain said, rumors of my demise make me a little exaggerated at this point. right now things are pretty dysfunctional up on capitol hill. despite that i'm actually confident that there are a range of things that we are going to be able to get done. >> paul: joining the panel this week "wall street journal" columnist and deputy editor dan heatinger assistant. james freeman and washington columnist kim strowfl. so, kim, you are down there in that hot house. is this the new. >> lucky. >> paul: is this the new consensus that p
FOX Business
May 5, 2013 2:30am EDT
. aren't we paying enough for all of tholce new taxes. plus. may day. unions demanding the halftime deporting immigrantings. does big labor have the interest of undocumented workers in mind or all about saving themselves. cash in looking out for your best interest right now. i am eric boling, welcome to cashing in . john and tracey are in the studio and joining us is president obama's former top economic advisor in the boot school of business mr. austin goldsbee. first. democratic senator mabaccus said the healthcare law could be headed for a train wreck. >> unless we implement it properly it is a train wreck. i agree. >> we are not spending enough money to implement it properly. >> yes. we have the menu, but we don't have way to get to the menu. >> start with that. that is chalk full of taxs and fees to pay for it. and that spending more money and taxings. and it is a train wreck. doctors leaving the practice and insurance premiums going up and hours cut at work and that is it the result of central planning. that leads to the destruction of valuings. for the president to say it is
FOX News
May 5, 2013 12:00pm PDT
pushing through an internet sales tax. red lines in the sand, a look at the administration's shifting response to reports of chemical weapons used in syria. syria welcome the >> paul: welcome to the journal editorial report. i'm paul gigot. president obama marked the hundred death dry by the second term and it's been a rocky start on spending control and sequester and tough battle for the immigration reform. he was asked if he still has the juice to get it done. >> maybe i should just pack up and go home? rumors of my demise make are a little exaggerated. things are dysfunctional up on capitol hill. despite that, i'm confident there is a range of things we can get done. >> paul: joining the panel, dan henninger, james freeman and washington columnist kim strous sal. you are down in that hot house. is this the new consensus sus that is he a lame duck? >> no, i don't think that is the consensus. what i think the president is doing here, he has put forward a very liberal vision of some of the policies he would like to see passed on higher taxes, on guns, maybe on immigration. i think he
May 4, 2013 12:30pm PDT
monopolies in mexico, to rework the nation's tax code, to expand the oil industry. president nieto wants new trade agreements with the u.s. and with other nations. trade between the u.s. and mexico going both ways was $520 billion in 20 126789 mexico is the u.s.'s second biggest export market for u.s. goods and for 22 of our 50 u.s. states mexico is the number one export market. on the flip side, the u.s. is the number one buyer of mexican goods. three, immigration reform. another big obama mexico priority. notably, president obama's endorsement of the pass for citizenship for the 11 million illegal aliens in the u.s. mexico has long l protection fo who work in the u.s. >> question, what is mexican president enrique pena nieto's principle concern regarding immigration? >> i think what he wants desperately is amnesty and a path to citizenship, ires access for mexicans to come to this country. i think he is remaining somewhat silent because he knows it's sensitive. i know he knows that marco rubio is an indispensable man and not barack obama. mexico is heavily dependent on the united state
FOX Business
May 4, 2013 9:00pm EDT
the sparrow asks, find a job. that correlates with low taxes. climate makes up about 5 percent of people's decisions. a small quality of life factor. not the big factor everyone thinks it is. >> and we see that in the data. states without an income tax to doing very well, states like wyoming, states like washington state. all gaining people and then come john: so it's not just the weather. what are the highlights? one of the main things to learn? >> out of all 50 states there are nine men put a price of work is zero. that makes them very competitive compared to a basket of other states that have a high price on work. john: price of work. >> state income tax. >> nine income tax. the big analysis for states like texas and gains of $2 billion last 15 years. those states like them gained 146 billion. the reverse, stays with the highest among personal income-tax rate lost. john: the top states, florida, arizona, texas, north carolina, nev., the biggest losers. texas, really? >> i think what i call the magic formula. and it is taxes on one hand and get labor policy on the other which me
May 2, 2013 7:00am EDT
mexico. a discussion about propose internet sales tax host: one of the issues to be discussed today when president obama meets with the new mexican president, enrique peÑa nieto, will be the war on drugs. that is what we want to talk to you about this morning on the "washington journal" as we go through the newspapers and the websites. if you support the war on drugs, (202) 585-3880 is the number for you to call. if you are opposed to it, you can also make a, and dash a comment on our facebook page. you can send it they tweet @cspanwj, and of course you can e-mail us. again, we are talking about the war on drugs, one of the topics to be discussed when president obama meets with the new mexican president later today. they will be holding a news conference and cease and will be bringing that to you this evening as well. a piece in the washington peace -- the washington post last sunday with the lead story in the post -- mexico's changes, and anti-drug fight in peril. host: dana priest writes -- and what is at stake should be alliance be scaled back. u.s. officials got their fir
FOX Business
May 3, 2013 12:00am EDT
correlates with low taxes. climate makes up about 5 percent of people's decisions. a small quality of life factor. not the big factor everyone thinks it is. >> and we see that in the data. states without an income tax to doing very well, states like wyoming, states like washington state. all gaining people and then come john: so it's not just the weather. what are the highlights? one of the main things to learn? >> out of all 50 states there are nine men put a price of work is zero. that makes them very competitive compared to a basket of other states that have a high price on work. john: price of work. >> state income tax. >> nine income tax. the big analysis for states like texas and gains of $2 billion last 15 years. those states like them gained 146 billion. the reverse, stays with the highest among personal income-tax rate lost. john: the top states, florida, arizona, texas, north carolina, nev., the biggest losers. texas, really? >> i think what i call the magic formula. and it is taxes on one hand and get labor policy on the other which means to a business being freeo hire and fire
May 6, 2013 12:00pm EDT
tax? >> guest: the senate teed legislation that would require online retailers to charge the sales tax for purchases, even for people who buy a out of state. so, essentially an online retailer here in d.c. would have to charge the sales tax for michigan, when someone from michigan bought a product from them online. >> host: is it going to pass? >> guest: it doesn't look like very likely it will pass the senate. we are almost certain of that because it's passed the cloture twice and has about three-quarters of the chambers support. the house is less certain. there is resistance to the house leadership isn't fond of the increases or anything perceived of the tax increase. there are some concerns about the implementation of the bill itself, how difficult it would be for online retailers. but i think it's fair to say that this is something that has momentum. it's going to get a strong look in the house and if it doesn't happen this year it is something we can see in the next year or two. >> host: what is the name of the vehicle or the bill they are debating and who are the prime sponso
FOX News
May 5, 2013 7:00pm PDT
each has its own rules and taxes. but it's also good because it creates competition. when one state does something stupid people leave that state and take their talent and money with them. between 1995 and 20104, 43 million people moved from one state to another. which states were the winners and which were the losers? let's have travis brown who tracked the movement in his book "how money walks" and he created a clever way to see who is moving where and why. darcie also runs a bank number two state in terms of money and health. explain this cool new thing you created. >> thanks to the irs we can track everybody's income moved between the states over the last 15 years. we see big losses from states like new york. >> now you have new york my state and i see people are leaving for florida and lots to california even. but they are coming in from michigan at least. >> there's not the kind of in migration you want to see. but for a state like florida you are seeing a massive amount of people and income coming in. $86 billion. >> florida was the number one gainer. >> that's right. >> darc
May 8, 2013 1:00am PDT
one of its key products. >> and are the days of tax-free shopping, sales tax-free on the internet numbers. we have both sides of the debate that's in congress, all of that tonight on "nightly business report" for tuesday, may 7th. good evening, everyone. another historic close on wall street today. stocks sprinted from the open and really never looked back like one of those horses in the derby. >> exactly. what a day it was and it was historic, tyler, on wall street. the dow closed about 15,000 for the first time ever and the s&p 500 also set a new closing high. so these milestones are another chapter in a remarkable year for the major stock averages. powering stocks higher today, a batch of better than expected earnings reports. more stimulus from central banks and this time from australia and renewed confidence by investors that the u.s. economy is going to be okay. the u.s. rally came in reaction to strong stock performance in world markets this morning and we'll have more on that in just a moment. first, here's a look at the closing digits on wall street and closing at a recor
May 2, 2013 5:00pm EDT
and balance tax can you much put on the last percentage of people working in spain? you put people out of work and get less revenue. revenue destructive, not creative. i would say that the focus on capacity issues and not the willingness. they had the capacity for a long time and are focused on it at the subset is governance. the point where you need unanimous agreement for certain things, from belgium, the federalist system there is very awkward and hard to get results. you can get a situation where you might have -- think about the fed, what they were doing during the financial crisis. everyone went to be said for a long weekend. coming up with a whole set of buying assets, that did not work, a couple weeks two, capital injection, can that system be nimble enough to move for a moving market and expectations and fears? right now it feels relatively safe because of the work that was done by mario draghi and the central bank. .ut to take that off the table but it is not resolved. you have to have growth and have to have a growth model that works in the periphery and within germany.
FOX Business
May 2, 2013 9:20am EDT
being with us today, we appreciate it. we could have a vote on the internet sales tax as soon as next week. our next guest is a businessman who is in favor of applying state sales taxes to internet selling. and gary shapiro is the ceo of the consumer electronics association, gary, first of all, i want to straighten myself out for a second here, i live in new jersey, if i log on to the commuter, buy something on amazon and buy something from another state. am i supposed to pay sales taxes on the on-line purchase? that's what i'm supposed to do, right? >> the state of new jersey requires that you voluntarily report to them all of your internet purchases. stuart: nobody does, do they? >> actually i do. stuart: you've got to. >> i'm in the minority. i don't have to and some people do. people are in jail today because they have not done it which is one of the great reasons for this law. it allows arbitrary government enforcement. it allows the next supreme court nominee not to be confirmed, perhaps, because they didn't pay internet sales tax, like the nanny tax. i mean, today, this is
May 4, 2013 6:00am EDT
this a little more closely, social security depends on two sources of income. payroll taxes and interest income on the trust fund is built. i can go into that and a little more detail, but i'm not sure you'd want me to. the point is the current projections by the social security administration and the congressional budget office and what you see in the media all the time that in 2033, the latest estimate they have come a social security will run a run in the trust fund. that means i will have to pay benefits as the current payroll tax revenue coming in. what that means that projections are correct and remember these are only projections for social security would only have enough money to pay 75% of benefits in 2033. what that means is that congress would either have to -- how was it has to be sent in to balance the books because social security is not legally able to draw from other sources. it has to use the income it gets from those two sources i mentioned. congress would have to cut benefits, to match the money coming in or have to raise payroll taxes or figure out some other
May 2, 2013 9:00am EDT
corporate taxes and regulations. later fly from the heritage foundation a look at the future of the u.s. military. >> mrs. grant was also interesting. they had this extraordinary existence. for most of their lives you list as she called him as an abject failure, unable to provide for his own family. then in almost no time at all suddenly he was the most popular man in the country, the man who would save the union on the battlefield and then president of the united states. >> julia loved her time in the white house. she says in her memoirs it was like a bright and beautiful dream. most wonderful time of my life. so i think that gives you some idea of how much he enjoyed being first lady and how she felt that her husband had finally achieved the recognition he deserves. >> be part of our conversation on julia grant with your questions and comments by phone, facebook and twitter live monday night on first ladies at nine eastern on c-span and c-span3. also on c-span radio and >> james dubik discussed the future u.s. ground forces today. here's some of what he had to say. you can
FOX Business
May 8, 2013 12:00am EDT
to rich in washington, d.c. rich, what stood out to you? >> we talked taxes. we discussed entitlements. of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united states senator voted against increasing the debt limit. this is always become a political football. the federal government has spent more than what it brought in for 55 of the la 60 years. this year we'll have the highest amount of revenue to our government we've ever had in our history and yet still have a trillion dollar budget deficit. we have a long-term spending problem that has to be resolved. and it will be resolved. and so, i don't know what it will take. republicans put our budget out, passed it back in march. dem
FOX Business
May 6, 2013 8:00pm EDT
states, california among them, because of the lower taxes and fewer regulation, but that something i don't think that the president will be champions later this week. >> i doubt he will, i am glad he is coming to austin, in my district, apple is building a huge facility. neil: i forgot about that. >> yes, that is right, they are hiring hundreds if not thousands of texans for this, reason they came to texas we have a fair, transparent tax policy, a balanced regulatory regime, we have fiscally responsible government, and we also believe in a true all of the above american energy solution, i am glad he is coming to texas, i would hope he would use two ears and listen and not talk as much, i think that country would be better off if he would adopt our way of thinking about jobs instead of this big government issuwashington solution he kepts talking about. neil: critics of what you said, said that texas is anomaly in and of itself because of the oil. like the win at your financial back the. you say what to that? >> well, i would disagree. whole heartly, look at technology sector in austin
May 2, 2013 4:30pm PDT
decisions, including whether to raise taxes and fees or whether to make cuts. how will your approach these choices? supervisor kim: the budget is tough this year. even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential. second, you have to look at raising revenue in the city. i think it needs to be a combination. and third, need to be much better informed, and we have to ask our public employees to look at the budget. and they already have, but also to look back. it is a threefold approach to me. >> what are the city's housing needs him much of the board of supervisors to to address them? supervisor kim: it is tough, because we depend on the market to build
May 6, 2013 5:00pm EDT
having to pay tax filingings attentionly in all 46 states monthly or quarterly and to be subjected potentially to audits from each of those local counties, each of these local municipalities. you know, i have with me here today a listing of all of the tax rates in these 9,600 different jurors diksz and it is -- jurisdiction and it is truly indecipherable, you can pick any state and see the county and get the different tax rate and in a lot of counties, for example, i just opened this up at random, and -- all right so in colorado which i happened to open it up to, if you look in taylor park, if it happens to come from the 81210 zip code, the tax rate is 4.5% but if it's in the same county but comes from the 8123 zip code the tax rate is 8.25%. now, small businesses, a small mom and pop just getting started on the internet would be required to comply with all of these taxing jurisdictions, to send the taxes to all of these taxing jurisdictions and to be subject potentially to audits from 9,600 taxing jurisdictions. that makes no sense. i'd like to point out also that this is not i th
May 7, 2013 12:00am PDT
cracking down. and a major tax bill passes in the senate, pitting republican against republican, democrat against democrat, and grover norquist against big retailers. all that, plus click 3. we begin with new and mounting pressure on the united states to get involved in yet another war on the middle east. a war that just in the last few days has shown signs of erupting further into a true regional conflict. syria has been embroiled in a civil war for two years. what you're seeing are israeli air strikes along the outskirts of the syrian capital. this is the second time in three days on sunday. the syrian government responded with outrage calling the bombings a declaration of war and if that's not a warring enough sign the civil war could be poised to spill over the borders, iran has taken the opportunity to announce it is ready to support the syrian regime with military training. it is something many western officials believe iran has already been doing. but the fact they're now willing to go public is an important sign of the potential for this conflict to continue to spread. i
May 6, 2013 5:30pm PDT
in office. let the buyer beware: the days of tax-free online purchases may be ending. pat caused a stretch limo filled with partiers to burst into flames? and a utility is hit with a e fiive fine after an explosion incinerated a neighborhood. that's when the "cbs evening news" continues. ♪ [ male announcer ] pain not sitting too well? burning to feel better? itching for relief? preparation h offers the most maximum strength solutions for all hemorrhoid symptoms. from the brand doctors recommend most. preparation h. don't stand for hemorrhoids. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ >> pelley: a story that broke in >> pelley: a story that broke in california over the weekend was a horrifying that it made headlines all over the country. five women were k
May 4, 2013 7:00am EDT
% unemployment. they are unemployed and not contributing to the tax base of this country. they are parasitic in throwing off a bit while regular americans -- you are part of it. thosent to raise taxes on who are still working. host: she is a reporter with "the washington post." you could explain how these numbers are quantified and how they come up with these numbers. guest: i do not support cannot support the administration. he is right when he talks about the real number of the unemployed. the way the labor department measures the number of people out of work is very technical. in order to be considered technically unemployed, you have to be out of a job and have to have not looked for jobs within the past four weeks. that is a fuzzy measurement. some folks may be unemployed but did look for work in the past four weeks but will look for work in the next four weeks. they're different categories of books marginally attached to the labour force who are discouraged workers who want a job but have given up looking because they feel there is nothing out there for them that add to a lar
FOX News
May 4, 2013 1:30pm PDT
spend more implementing it but aren't we already paying more with those new taxes? mayday, unions demanding the immediate halt to deporting illegal immigrants. does big labor have the best interests of undocumented workers in mind or is this all about saving themselves? "cashin' in", looking out for your best interests right now. i'm eric boling, our "cashin' in" crew, wayne rogers and tracy burns and jonathan hoenig and top economic advisor, a professor at the university of school of business, more austin goolsby. first, max balk us said the healthcare law could be headed for a train wreck. harry reid says he is right if we don't spend more money on that. >> he said unless we implemented properly it will be a train wreck and i agree with him. >> we're not spending enough money and not implementing properly? >> here is what we have now. we have the menu, but we don't have any way to get to the menu. >> eric: that menu is chalked full of taxes and fees to pay for it. with a gives? >> how does harry reid believe that spending more money, more taxes is going to have any beneficial ef
May 2, 2013 6:30pm PDT
necessarily in support of doing away with our payroll tax to attract businesses -- to give a payroll tax exemption for new hires is not a good policy. changing from a payroll tax to a gross receipts tax, where it is not based on the number of employees you have and how much they are paid, but how much business you have, your business, is a better tax structure that does not harm businesses to hire more people. harman is a strong word, but does not attach the tax to your number of employees. it is a better structure, i believe. we do a lot of things to support businesses. muni improvements happening downtown, in the more distant parts of the city. supporting businesses. infrastructure we are putting in, sidewalks, lighting. all of this is important to businesses. lots of concentration on that in the downtown area. i see it as one of the big thing that we offer. we also have a pretty city. that attracts a lot of businesses. we have certain parts of the city that have really great thinking going on. you see california, as of state. our hospitals attract a lot of minds and attention. --
May 4, 2013 6:30am PDT
in the payroll tax, coming from the sequester, and that's what bernanke was referring to. i got to tell you, i disagree a little with your premise that only reason the stock market is up is because of the fed action. i think that's confused. on the real side of the economy, corporate profits are the highest they've ever been as a share of gdp. if corporate profits are high you'll see a strong market. that's what the valuations are based on. >> they have a lot of money in the bank and they're able to get the corporate profits at record highs without commensurate hiring and so far that has been good for their bottom line. >> yes, i agree with that. >> does that go on in perpetuity? moe head mohamed, where does that leave the middle class? >> that's the big question. first on the stock market undoubtedly corporate profits and cash buybacks and dividends have helped the stock market but the stock market has come up all the way up here. part of it is justified but what we just talked about, but another part is justified by the fed very aggressively pushing people to take more risk. and
May 6, 2013 4:00pm EDT
overcompensate for still haven't been resolved. so whether it's tax policy, whether it's regulatory policy, whether it's education, whether it's skills, whether it's housing, you know, you can't fix housing. you need to fix the structural issues of the economy. housing then becomes an innocent bystander of that progress. >> we'll talk about that in a few minutes. chad, you're nodding your head as rick is talking. >> rick is right. >> we had warren dubuffett on earlier this morning. his comment on fed policy, he admits it's a long experiment on the economy. but he agrees that it should have been done to begin with because we would be in much worse shape if they hadn't added all this liquidity here. >> you're right about that. the federal reserve did the right thing by using their balance sheet to offset the deflationary trade that was in process. but what rick is pointing out is a structural issue. for instance, private sector jobs. we're at 114 million today. that's terrific. by the way, 2001, private sector jobs were at 112 million. we've only created 2 million jobs with a populati
May 8, 2013 9:00am EDT
ryan republican budget would lower taxes for the rich, while the middle class foots the bill. that's in their budget. and the republican budget would rip the safety net from under the elderly, middle class, veterans and the poor. no wonder they don't want to go to conference. no wonder they don't want transparency. the democrat budget would preserve and protect medicare for children and grandchildren. the democratic budget would ask the wealthiest americans to pay a little bit more to help reduce the budget. the democratic budget would balance smart spending cuts with new revenue from closing loopholes. it's obvious then why republicans don't want to compare the sensible republican budget with the extreme house budget. you know, mr. president, the extreme house republican budget was resoundingly rejected by the voters in november. that's what governor romney touted. remember, congressman ryan was his vice presidential candidate. they ran together. now it's time for each side to stand for what it believes. as the junior senator from texas said late last year -- quote -- "we've got to
FOX Business
May 9, 2013 7:00pm EDT
tried to sell his economic agenda of higher taxes, more and tougher regulation and, of course, much bigger government. but taxes turns out to be one of the most prosperous states and the union by doing just about the exact opposite of everything the president has been, well, recommending. currently it boasts an unemployment rate over one point below the national average, some of the lowest taxes in the country. here is the president earlier today urging his texas crowd to hopeless their local lawmakers to jump on the obama agenda bandwagon. >> everyone's a while i'm going to need your help to lean on their elected representatives and say, hey, let's do something about this. even if you don't like it politically, if it is a good idea, let's go ahead and support it. sometimes i need is a chance to pressure their members of congress to do the right thing. lou: did you see that crowd getting so excited? welcome back on capitol hill one of those texas lawmakers being upon the president and the so-called gang of eight on the issue of immigration reform. senator ted crews of texas becoming
May 4, 2013 6:30pm PDT
investigate fake tax returns defrauding the government on their dime. >> this is gravely serious. >> the report is alarming. >> the utilities commission employees speaking out. why the authority is compromised and why lawmakers are calling for change. >> you are not a cop? >> no, no, no. >> a black market for dead animals? we go under cover with hidden cameras to expose the sales. here is tony kovaleski. >> good evening. tonight, getting answers to the questions you ask. holding the powerful accountable, investigations that are making a difference. first we investigate time sheets. the santa clara county district attorney's office secretly altering time off to give top paid employees free vacation. joseph rosen says it makes up for a 5% bonus some lost in the wake of budget cuts. >> hundreds of top sheets altered. >> i directed this to happen. i wanted this to happen. this is exactly what i wanted to happen. >> reporter: the district attorney, jeff rosen directed his d.a. to give out free time off. if an employee asked for vacati vacation time and it's changed to administrative leave, th
May 8, 2013 1:00am EDT
moments, the fiscal summit hears from members of congress about the u.s. debt and tax policy. in less than two hours the economic discussion continues with former president bill clinton and microsoft's bill gates. our live coverage tomorrow on the c-span network includes south korean president park geun-hye. you can see that on c-span at 10:30 a.m. eastern. on c-span3 the house oversight committee hold hearings on the attack on benghazi, libya that witnessesur americans. are scheduled to include mark thompson, the acting deputy assistant terror -- secretary for counterterrorism. and eric nordstrom, former security officer in libya. >> weapons of war in previous centuries, for now, symbols of sovereign authority. of security and so much of the administration. we will see more of him in a short while. lord chancellor, kenneth clark. the duke of norfolk and the lord great chamberlain. the queen and the duke of edinburgh. >> my lords and members of the house of commons -- i focus on economic growth, justice, and constitutional reform. >> queen elizabeth delivers her government's prioritie
May 2, 2013 2:30pm PDT
an indication of that confidence. >> there is more momentum in the global campaign to boost tax revenues by going after people with secret assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's most popular soccer club. >> the president of bayern munich has become the country's best known tax evader. he is not shying away from the press about an ordeal that he says has him "going through hell." >> in a newspaper interview this week, he admitted to gambling with stocks like it was an addiction. the profits were paid into a swiss bank account, but he did not mention how much in taxes he avoided paying. now, the german president has weighed into the deba
FOX Business
May 6, 2013 4:00pm EDT
does the "oracle of omaha" think these markets are headed next? david: jobs, immigration and taxes and fiscal reform what has ceo's worried most? we go inside the minds of america's corporate leaders with the ceo of deloitte who advises more than 70%. fortune 500 companies. he sees a lot of these guys. he knows certain patterns the way they're thinking. speaking of warren buffett, take a listen to what he has to say about the job ben bernanke has done. >> there is no question that berkshire hathaway is better off today and the american people are better off today because of the actions of ben bernanke in keeping interest rates so low. david: but what do you think about that? do you awith warren? are we better off today because of ben bernanke's actions. log on to faceboo we'll read some of your answers a little later this hour. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh
FOX Business
May 6, 2013 9:20am EDT
an internet tax, but so what? won't the house shred it? a democrat will join us on that subject in a moment and warren buffett sits down with liz claman in omaha, that and the opening bell, wall street, next. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communicatis solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. >> so, you're in the stock market, you own a couple of stocks and were you watching o
FOX News
May 6, 2013 1:00pm PDT
president. senator, good to have you. '. >> hey, neil harwell does that include whatever tax revenue you get from illegals once the make their way to becoming legal? >> yes, it does. the difference between what they take out of the system and what they put into it is 6.3 trillion. so, there is certainly some taxes paids' some new revenue when they become legalized but they actually take more out of the system opposite they become legal, and over a 50-year period, this is something they're not talking about. they're trying to talk about a ten-year window, but the average unlawful immigrant is 34 years old, the actual actuaries say they'll live to 84, a 50-year period. the cost is 6.3 trillion, and the current american taxpayers have to pay for that. >> neil: of course, many of the critics of the study, said, well, republicansing for get to dynamic accounting, something they wanted when it came to calculating the benefits of tax cuts cuts and he the like, but they're not when it comes to whatever illegals, who eventually find a pathway to citizenship, bring to the economy, in terms of taxe
FOX Business
May 7, 2013 12:00am EDT
, the vote on an interpret sales tax about to start. the retail industry takes sides. we got the financial impact on you and your most beloved online products. plus, there's business savvy and there's business genus. one manhattan company cleans up with the most simple and brilliant idea you can think of. it's so obvious. piles of "money" coming up that could have been mine! ♪ ♪ melissa: no matter what time it is, "money" as always on the move. shares of nautilus are jumping after hours. the fitness equipment company reported solid first quarter earnings after the bell. led by a strong improvement in its profit margins. very good. you can see, the stock really jumping. all right. if you thought tax-free online shopping would last forever, thinkgain. the senate is starting a vote eminently on the controversial measure to make everyone everywhere pay sales tax on everything. we love tax. it is causing a big divide in the retail world, but do you know how this is going to hit your wallet? joining me now is and a brandy, president of brumbies share, a brick and mortar store. tell
FOX News
May 6, 2013 2:00pm PDT
starting in an unlikely if not weird location this week. a state known for low taxes and few regulations. not exactly the president's platform. why is he there tonight? >>> hello, everyone. i'm dana perina and bob becle and greg gutfeld. it is 5:00 in new new york city. this is "the five." >> we are two days away from a major hearing on capitol hill on the administration's attack on benghazi. names of the three whistle-blowers scheduled to testify have been released. they are state department official eric in nordstrom, gregory hicks. he took a frantic call from stevens when terrorists stormed the consulate. he reported an attack from the get go to folks back at home and not a demonstration. friday we told you about the weekly standard reporting on how the administration changed the talking points in the days after the attack and the sunday shows. it is not just republicans critical of obama's team for that. here is steven lynch on "fox news sunday." >> it was scrubbed. it was inaccurate. you are right. there is no excuse for that. there was false information. >> so maybe i w
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